|Bid||0.00 x 2000000|
|Ask||0.00 x 2000000|
|Day's range||5.34 - 5.59|
|52-week range||4.08 - 6.51|
|Beta (5Y monthly)||1.45|
|PE ratio (TTM)||4.48|
|Forward dividend & yield||0.25 (4.61%)|
|Ex-dividend date||01 Sept 2022|
|1y target est||N/A|
Glencore PLC (GLNCY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The slowdown in the Chinese economy and the downturn in the real estate market have caught out several domestic trading houses, leading to a string of recent scandals including missing copper at warehouses. Glencore was selling about 600,000 tonnes a year of high purity copper into China through Maike, before the Xi’an-based trading group ran into liquidity constraints, according to people familiar with the matter.
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